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tax in the first place. both of these guys are from california. mickelson made his hometown there for, he was born and raised in san diego. for him to leave the state is a big, big deal. if you're taking home 37 cents on the dollar, 47 cents on the dollar, i think it is okay to speak up. martha: it is something for all americans to give some thought to. bill: why did he apologize? martha: i don't know why he apologized, the backlash against it, saying is it right for any american to spend 63 cents of their dollar, of every dollar they make and hand it over to the government? bill: state, county, federal. martha: so much discussion about fair share and people, people obviously, some people are outraged. he can afford it. that is not the issue. the issue is, at what point is enough, enough of any single human being's income whether they're successful or not. i mean, --. bill: that guy moved to florida he could save 13% of gross today. there is phil. watch him over the weekend. they have a big tournament out th
tax in the first place. both of these guys are from california. mickelson made his hometown there for, he was born and raised in san diego. for him to leave the state is a big, big deal. if you're taking home 37 cents on the dollar, 47 cents on the dollar, i think it is okay to speak up. martha: it is something for all americans to give some thought to. bill: why did he apologize? martha: i don't know why he apologized, the backlash against it, saying is it right for any american to spend 63...
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Jan 24, 2013
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all right, taxed to the max. when progolfer phil mickelson complained about being taxed to the max in california, the media went nuts. >>brian: mickelson felt he had to apologize just for speaking his mind. >> you know, i've made some dumb, dummies -- dumb, dumb mistakes. obviously this is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum i have as a professional golfer to try to ignite change over these issues. >>brian: he's not saying he's not going to move. should he really feel bad? after all, california is one of the highest taxed states in the nation, if not the highest. joining us live from miami is grant cardon, mickelson's former neighbor. he left california for florida where there is no individual income tax. are you disappointed that phil even backtracked yesterday? >> absolutely i'm disappointed because i think some of the intolerance for wealthy people standing up and saying i don't want to be taxed anymore is that the wealthy people don't stand up and
all right, taxed to the max. when progolfer phil mickelson complained about being taxed to the max in california, the media went nuts. >>brian: mickelson felt he had to apologize just for speaking his mind. >> you know, i've made some dumb, dummies -- dumb, dumb mistakes. obviously this is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum i have as a professional golfer to try to ignite change over these issues. >>brian: he's not...
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Jan 24, 2013
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the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the wars? or do you think maybe we could insure maybe another 30 million people? do the math. that would pay for about half of obama care. that would really make the righties happy. think about it. why is it number one, wall street doesn't get prosecuted. number two, they get off scot-free on these transactions. this is an easy thing, and nobody is going to feel it. everything is going to be fine. joining me tonight, david cay johnston, pulitzer prize winning journalist and author of "the fine print." david cay, grit to have you with us. >> good to be here. >> explain what a high-speed trade is for thos
the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the...
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Jan 24, 2013
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and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your price? and then they just volunteer, either conservative or liberal and pay the extra little bit more and they seem happy to do it. we've only-- we're in a pretty conservative town out here in the oil fields and we've only had a few of them in. we collected $3 and we give the money to the heritage foundation and we don't pocket it we have our tips and the money, good conservative cause and it's seems to have worked out pretty good so far. and people-- although people are pretty excited about it on the internet. >> greta: all right
and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your...
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Jan 24, 2013
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boehner said we're not going to raise taxes on the american people, blah, blah blah. here we go again. i saw an interesting thing in the "new york times" yesterday. this is not enough revenue to -- you know -- the president what we got in the last fiscal cliff, right? >> yeah, $700 billion over ten years. >> stephanie: but the point is and we can say it over and over people do not want the safety nets cut. this -- this piece said citizens of other advanced nations appear to agree it is worth the price. americans have been more hostile toward taxation than other countries. there's pew poll almost two to one it was more important to avoid cuts in social security payments, and this for everybody. 74% of american oppose shorter days or more crowded classrooms. clearly americans value government services. we may welcome an opportunity to save them. what do you think about all of that? >> i think it's very accurate. the american people basically want to do everything -- they want to eat everything drink everything they want to drink, smoke everything they want to smoke, and
boehner said we're not going to raise taxes on the american people, blah, blah blah. here we go again. i saw an interesting thing in the "new york times" yesterday. this is not enough revenue to -- you know -- the president what we got in the last fiscal cliff, right? >> yeah, $700 billion over ten years. >> stephanie: but the point is and we can say it over and over people do not want the safety nets cut. this -- this piece said citizens of other advanced nations appear...
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california has a new tax rate of 13.3 percent. that is your 5@5:00. >> tiger woods moved out of california fort same reason. >> four months after the terrorist atrack hillary clinton finally testifying about what she knew. there was no shortage in fireworks yesterday in what was a heated and emotional day on capitol hill. >> i am glad you are accepting responsibility. i think ultimately with your leaving you you accept culpability of the worst tragedy since 9-11. had i been president at the time and found you did not read the cables from benghazi or bam ambassador stevens i would have relieved you have your post. >> peter doocy is live from washington with more. >> peter do we have you there? >> yeah, i am here. >> during her testimony in front of house and senate committees secretary clinton kept mentioning in addition to the poor americans who we that were there was one diplomatic security agent who is seriously injured and is recovering at qualiti walter reed medical center. 25 to 30 other survivors were evacuated and she got t
california has a new tax rate of 13.3 percent. that is your 5@5:00. >> tiger woods moved out of california fort same reason. >> four months after the terrorist atrack hillary clinton finally testifying about what she knew. there was no shortage in fireworks yesterday in what was a heated and emotional day on capitol hill. >> i am glad you are accepting responsibility. i think ultimately with your leaving you you accept culpability of the worst tragedy since 9-11. had i been...
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tax. >> we're already paying enough in general for gas as it is. there's got to be a better way to do it. i would be more in favor of paying more for general durable goods that i buy over the counter every day. >> but this man reasons a higher gas tax makes more sense. >> gas taxes are the most direct relationship to who's using the roads, so it seems the fairest thing is to raise the money you need to get taxes. >> reporter: the governor's plan faces the first big text next week when key how and senate committees take their first vote. >>> police now say murdered teenager marcus jones was the victim of gabe violence. the friendly high school sophomore was shot and killed outside a party on saturday night. in the crossfire of a suspected gang rivalry. two other teenagers are under arrest. please are still searching for a third suspect. >>> as we anticipate more snow, some northern virginia residents who didn't see snowplows today may not see them tomorrow either. vdot has a policy to not plow secondary streets unless there's 2 or more inches of sno
tax. >> we're already paying enough in general for gas as it is. there's got to be a better way to do it. i would be more in favor of paying more for general durable goods that i buy over the counter every day. >> but this man reasons a higher gas tax makes more sense. >> gas taxes are the most direct relationship to who's using the roads, so it seems the fairest thing is to raise the money you need to get taxes. >> reporter: the governor's plan faces the first big text...
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>> well, taxing our nation roz job creators is not going to create more jobs. these are the jobs that my generation is going going to need to pay down the debt mitchell generation will be spending our prime years pga massive taxes to pay down the debt, and -- or to pay towards entitlement in interest payments alone. so, taxing our nation's job creators is not going to solve anything. >> e. >> the irony is barack obama got that young vote joe e overwhelmingly. >> he was able to say it's' a good thing you're staying in your mother's basement until you're 27 years old. ask him at 27 when they're out to there for the first time hit the bricks, any job experience? no. any experience? >> i lived in a basement for a while. we're becoming a welfare foe site. they're calling out our natural instincts and it sounds great and sells well to young people. ultimately it's not a gift, it's can curse. >> thank you very much. >> thank you. >> in the meantime, if she lip synchs, he lied. and his girlfriend was fake. count me fried. ♪ ÷÷ ♪ and the home of the brave ♪ th
>> well, taxing our nation roz job creators is not going to create more jobs. these are the jobs that my generation is going going to need to pay down the debt mitchell generation will be spending our prime years pga massive taxes to pay down the debt, and -- or to pay towards entitlement in interest payments alone. so, taxing our nation's job creators is not going to solve anything. >> e. >> the irony is barack obama got that young vote joe e overwhelmingly. >> he was...
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relief act, paying fair share act of 2012, repeal big oil tax subsidies act, teachers and first responders back-to-work act, american jobs act of 2011, public safety employer-employee cooperation act, paycheck fairness act, creating american jobs and ending offshoring act. now, again -- again, it's not that the bill was filibustered. the right to even debate these bills and vote on them was filibustered. one thing, he go on the bill and they filibuster. no, we couldn't even debate it. even though a majority of senators voted for cloture. not 60 but a majority. so the majority thwarted from even bringing these up and debating them and even letting people offer amendments. now, it used to come that if a senator opposed a bill, he or she would engage in a spirited debate, try to change people's minds, attempt to persuade the public, offer amendments, vote "no," and then try to hold members who voted "yes" accountable at the ballot box. isn't that what it's about? in contrast, today, to quote former senator charles mathias, a republican, in 1994. here's what he said, 1994 -- quote -- "the fili
relief act, paying fair share act of 2012, repeal big oil tax subsidies act, teachers and first responders back-to-work act, american jobs act of 2011, public safety employer-employee cooperation act, paycheck fairness act, creating american jobs and ending offshoring act. now, again -- again, it's not that the bill was filibustered. the right to even debate these bills and vote on them was filibustered. one thing, he go on the bill and they filibuster. no, we couldn't even debate it. even...
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i think that might mean a carbon tax. what do you think of a carbon tax? >> global warming is a real issue and what is the most of corn tissue of our time, the environment we live in. obviously we have to protect it. i think that is a possibility and probably something that may be effective. stuart: wouldn't do any good? >> if we could get bipartisan support, it could -- stuart: when it would lower carbon emissions in a miniscule, may be lower the temperature is your.1% over a longer period of time. it is just a fund of money. that is why -- that is what it is all about. >> those dollars would be used for other efforts to control and focus on changing climate. stuart: they would just fill government coffers with that the needed money. >> if that is the case they wouldn't be a good thing. stuart: when you are if in favor of carbon tax to raise money. >> i am not. i am in favor of it as a way of controlling, beginning to control global warming and giving resources to combat it. stuart: i want to bring you the answer to the quiz we brought you before the brea
i think that might mean a carbon tax. what do you think of a carbon tax? >> global warming is a real issue and what is the most of corn tissue of our time, the environment we live in. obviously we have to protect it. i think that is a possibility and probably something that may be effective. stuart: wouldn't do any good? >> if we could get bipartisan support, it could -- stuart: when it would lower carbon emissions in a miniscule, may be lower the temperature is your.1% over a...
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they bought shares when they were lower and wanted to take a profit before the higher capital gains taxes kicked in this year. other investors are clearly choosing to exit now competition heating up so it's really becoming a huge factor. there are a lot of quality alternatives out there. you look at the tablet and smartphone arena, carol, it's getting crowded but they still sold 48 million iphones and almost 23 million ipads in the latest quarter. apple sold 12.6 million ipods so keep the finger off the panic button, let's not get too crazy just yet. >> that's wall street, isn't it? panic, panic panic, then don't. thanks so much, alison. >>> fighting words from house speaker john boehner he says president obama is out to annihilate the republican party. do you agree? that's our talk back question today. [ wind howls ] [ dog barks ] ♪ ♪ [ male announcer ] something powerful is coming. ♪ see it on february 3rd. ♪ see it on february 3rd. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. y
they bought shares when they were lower and wanted to take a profit before the higher capital gains taxes kicked in this year. other investors are clearly choosing to exit now competition heating up so it's really becoming a huge factor. there are a lot of quality alternatives out there. you look at the tablet and smartphone arena, carol, it's getting crowded but they still sold 48 million iphones and almost 23 million ipads in the latest quarter. apple sold 12.6 million ipods so keep the...
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Jan 24, 2013
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it was the senate that first passed the bill giving 98% of americans a tax cut right? and that was a bipartisan measure. but do you see a lack of willingness to work together, work across the aisle that was -- that was the rule when you were majority leader? >> well, there is a good deal of that. unfortunately, i think the bigger problem bill is you've got this -- almost polar existence between the house and the senate right now. you've got the house that is led in large measure by the tea party and then you've got the senate that -- in many respects is not much different from what it has been. although you've got a few very, very vocal members who are attempting to do to the senate which has been done to the house. so of course, one person, one senator can hold up everything. rand paul disa pretty good job of it -- disa pretty good job of it these days. much more polarized than it should be. on a second level, very quietly somewhat clandestinely, you hear -- in fact, i get reports from my former colleagues about meetings going on and little groups starting and gangs o
it was the senate that first passed the bill giving 98% of americans a tax cut right? and that was a bipartisan measure. but do you see a lack of willingness to work together, work across the aisle that was -- that was the rule when you were majority leader? >> well, there is a good deal of that. unfortunately, i think the bigger problem bill is you've got this -- almost polar existence between the house and the senate right now. you've got the house that is led in large measure by the...
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. >> is there any downside to a tax? >> yeah, if you're a hedge fund manager or one of the high-speed traders, you're going to have to pay some tax and it's going to discourage you from making bets that distort the market. for the rest of us, i don't see a downside, ed. >> how would we make a determination? because you know they would come back and say oh, this is really going to hurt the economy. how would this hurt the economy? >> i don't see how discouraging speculation, which is almost all done with borrowed money. they effectively borrow money at a rate of 30 to 1. you put 3% down and borrow the rest of the money. i don't see how this hurts the economy. and if we reduce this volatility and reduce market distortion, we can get back to having a market focused on investments that create production in the future and wealth in the future, not creaming the market today through speculation. >> quickly, you think this is something congress could embrace? >> not probably in this congress in the house, but i think this is an
. >> is there any downside to a tax? >> yeah, if you're a hedge fund manager or one of the high-speed traders, you're going to have to pay some tax and it's going to discourage you from making bets that distort the market. for the rest of us, i don't see a downside, ed. >> how would we make a determination? because you know they would come back and say oh, this is really going to hurt the economy. how would this hurt the economy? >> i don't see how discouraging...
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that allows the public to see what our priorities are, how we're going to use our tax revenue. and we can do this in a smart way. >> one thing that is going on currently as we speak, the confirmation hearings for john kerry to take over for secretary clinton, and yesterday, it was certainly a big day on the hill for secretary clinton about the benghazi situation. i want to play for everybody what you had to say as well as senator barbara boxer told the secretary of state. >> as a new member of congress, i think i speak for all the freshman that we're not going to get much time to serve with you, but we hope in a few years we'll get that chance to serve again. >> i want to thank you because this is maybe the last time you'll come before us as secretary here. i want to thank you for your advocacy on behalf of women around the globe. you will be sorely missed, but i, for one, hope not for too long. >> those were just a small sampling of what boat sides had to say, democrats from the house and senate side of things to the secretary. now i want to say what radio personality rush lim
that allows the public to see what our priorities are, how we're going to use our tax revenue. and we can do this in a smart way. >> one thing that is going on currently as we speak, the confirmation hearings for john kerry to take over for secretary clinton, and yesterday, it was certainly a big day on the hill for secretary clinton about the benghazi situation. i want to play for everybody what you had to say as well as senator barbara boxer told the secretary of state. >> as a...
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and the president wants to increase taxes to continue the spending. >> these democrats are going to spend us right into bankruptcy. they're not serious about getting things under control and stopping the spending. >> the white house is so unserious about cutting spending. >> none of that is true. i mean, to the extent that true means attached to facts. here is spending under bush. here is spending under clinton. here is how spending has dropped under president obama. these guys were not mad about george w. bush's big spike in spending, buzz they have decided to get really mad at the guy who is fixing that, and that anger is weird enough on its own terms. it's weird enough that this republican analysis of this problem is so divorced from reality. but what today's news reminded us is it's not just the analysis that is weird, it's also the purpose of the analysis, what they are using this cockamamy backwards analysis to justify that is really deeply strange. for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has rou
and the president wants to increase taxes to continue the spending. >> these democrats are going to spend us right into bankruptcy. they're not serious about getting things under control and stopping the spending. >> the white house is so unserious about cutting spending. >> none of that is true. i mean, to the extent that true means attached to facts. here is spending under bush. here is spending under clinton. here is how spending has dropped under president obama. these...
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we've got to make trget targeted cuts and reforms but we also believe we need to eliminate a lot of tax breaks and loopholes that we heard from our colleagues about in order to reduce the deficit in a balanced way. if you don't do that, you sock it to everybody else in the country. let's pass a balanced approach to reducing our deficit and not one that takes it out of the expenditure. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan. mr. camp: i would just say w have already increased the debt limit over $5 trillion in the obama administration, almost a 50% inkeys in the debt limit. let me also say we have had many several, temporary short-term increases in the de limit before there's been a more permanent long-term increase in 1987, 1990, 1996. it is not unprecedented, the action we're going to be taking today. with that, i yield two minutes to the distinguished member of the ways and means committee, the gentleman from washington state, mr. reichert. the speaker pro tempore: the gentleman is recognized for two minutes. mr. reichert: thank you, mr.
we've got to make trget targeted cuts and reforms but we also believe we need to eliminate a lot of tax breaks and loopholes that we heard from our colleagues about in order to reduce the deficit in a balanced way. if you don't do that, you sock it to everybody else in the country. let's pass a balanced approach to reducing our deficit and not one that takes it out of the expenditure. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan. mr. camp: i would just...
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and there's the overarching question of taxes and spending and entitlements. where do you put the challenges this session faces in terms of history? is this 1981? is this 2009? how are you feeling about the weight of what you have to deal with? >> well, first let me say there is bipartisan agreement that your book on jefferson is absolutely fantastic. >> all right. >> that's among the leadership as well as the rank and file members of the united states senate. >> i appreciate that. >> people are reading it all over the place. from my standpoint, we're really looking at the greatest threat to our national security is our debt. it has to do with our children and our grandchildren's futures. as i travel wyoming and have telephone town hall meetings, the things that really come up, people are saying i'm not worried for me. i'm worried for my kids and grandk grandkids, and are we still going to have america in the future with this kind of debt? who will we owe our future to? >> senator barrasso, i want to ask you about your piece in this morning's "wall street jour
and there's the overarching question of taxes and spending and entitlements. where do you put the challenges this session faces in terms of history? is this 1981? is this 2009? how are you feeling about the weight of what you have to deal with? >> well, first let me say there is bipartisan agreement that your book on jefferson is absolutely fantastic. >> all right. >> that's among the leadership as well as the rank and file members of the united states senate. >> i...
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and we created greater wealth in america that has been created even in the raging time of no income tax and the morgans and mellons and carnegie and rockefellers. we created more wealth for everyone. so we can do this recognizing that the energy market is a $6 trillion market compared to one with what, four billion users going up to nine billion over the course of the next 20, 30 years. this is a place for us to recognize what other countries are doing and what our states that are growing are doing, which is there is an extraordinary amount of opportunity in modernizing america's energy grid. we don't even have a grid in america. we have a big open gap in the circle of america. east coast grid, west coast grid and texas grid and a line from chicago over to the dakotas. we can't sell energy from minnesota to arizona or arizona to massachusetts or to the coal states. it doesn't make sense and can't be a modern country if we don't fix that infrastructure. i would respectfully say to you that climate change is not something to be feared in response to -- the steps to respond to -- it's to b
and we created greater wealth in america that has been created even in the raging time of no income tax and the morgans and mellons and carnegie and rockefellers. we created more wealth for everyone. so we can do this recognizing that the energy market is a $6 trillion market compared to one with what, four billion users going up to nine billion over the course of the next 20, 30 years. this is a place for us to recognize what other countries are doing and what our states that are growing are...
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i don't think we can continue to tax the american economy when we need economic growth but it's about prioritizing spending. i'm a fiscal conservative who believes foreign aid can be useful but we have to get spending under control. will you use your position to encourage the president to work with us in good faith to solve the debt -- the debt and deficit issue? >> i spent six months, i guess, or five month, as a member of the super committee and i put enormous amount of energy and hope that we would be able to get the big bargain, the grand deal. i'm not here to go through all the the tails why we didn't. but there was a very hard line, nonnegotiating position that prevented us from being able to come to an agroment which incidentally we just came to. but we came to it with far less on the table and far less accomplished than we would have had if we'd come to that agreement six months ago or a year ago. so my hope is, yes, i certainly will weigh in on that to the degree that it has an impact on my ability to do my job and the ability of the state department to do its job. we cannot
i don't think we can continue to tax the american economy when we need economic growth but it's about prioritizing spending. i'm a fiscal conservative who believes foreign aid can be useful but we have to get spending under control. will you use your position to encourage the president to work with us in good faith to solve the debt -- the debt and deficit issue? >> i spent six months, i guess, or five month, as a member of the super committee and i put enormous amount of energy and hope...
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. >> the same thing happened when you saw potential increasing of taxes on cigarettes. it happened in chicago where you had business groups, the black chamber of commerce, they said, oh, this is going to hurt small businesses but then the argument was, wait a minute, when you look at cancer rates among african-americans, how do you say don't do that when it's affecting african-americans? and so i think the naacp, the new york chapter is going to have to have an explanation because, again, obesity among african-americans is huge. >> well, the explanation is that they'd like to see a more holistic approach, that this is not the way to do it. it's a little bit like your gun debate. like don't do this, do a big picture, you're never going to get the solution. i think there is some merit to that argument. however -- >> also a loophole here. they say that small business owners are affected, convenience stores, but larger stores like -- according to "the new york times," larger stores like 7-eleven would be exempt from soda restrictions because of a court in new york's regulat
. >> the same thing happened when you saw potential increasing of taxes on cigarettes. it happened in chicago where you had business groups, the black chamber of commerce, they said, oh, this is going to hurt small businesses but then the argument was, wait a minute, when you look at cancer rates among african-americans, how do you say don't do that when it's affecting african-americans? and so i think the naacp, the new york chapter is going to have to have an explanation because, again,...